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Movers: Citigroup, Lowe's, JPMorgan, Goldman Sachs

 

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Quoted in Barron’s on AmEx
ContrarianEdge.com 11/17/2008 — I was quoted in this week’s Barron’s on AmEx (AXP): “This company can weather a huge hurricane and come out fine,” says Vitaliy Katsenelson, head of research at Investment Management Associates in Denver. “American Express is one the ...
Lowe's Reports Third Quarter Sales and Earnings Results: Financial News - Yahoo! Finance
biz.yahoo.com 11/17/2008 — MOORESVILLE, N.C., Nov. 17 /PRNewswire-FirstCall/ -- Lowe's Companies, Inc. (NYSE: LOW - News ), the world's second largest home improvement retailer, today reported net earnings of $488 million for the quarter ended October 31, 2008, a 24.1 percent ...
Citigroup Chief Pandit to Reduce Headcount by 50,000 (Update3)
bloomberg.com 11/17/2008 — Nov. 17 (Bloomberg) -- Citigroup Inc. , the U.S. bank with the most employees, plans to eliminate more than 50,000 jobs and cut expenses by 20 percent from their peak as the global economy contracts. Chief Executive Officer Vikram Pandit intends to ...
FT.com / World / US & Canada - Call for probe into ex-Goldman executives
ft.com 11/17/2008 — A senior Republican senator is seeking an investigation into potential conflicts of interest among former Goldman Sachs executives serving at the US Treasury and whether any officials exceeded their authority by implementing a controversial tax change ...
Citi's Achilles Heel: Foreign Depositors - Finance Blog - Felix Salmon - Market Movers
portfolio.com 11/17/2008 — Dick Parsons , lead outside director of Citigroup, is sounding just a tiny bit defensive these days: We are confident that the direction our management team has set is the right direction -- and the winning direction -- for these extraordinary times. ...
Economists Promise Recession for ChristmasThe Big Money 11/17/2008
More bad news to start the week: the U.S. economy will shrink further over the next two quarters, extending the current slump into early 2009, with the unemployment rate expected to peak at 7.5 percent, according to a new poll of economists ...
Amazon: Estimates Still Too High, Says BarclaysBARRONS.com: Tech Trader Daily 11/18/2008
Barclays Capital analyst Douglas Anmuth this morning cut his estimates for Amazon.com (AMZN) , asserting that the Street’s numbers for the online retailer look too high given negative comments on consumer spending from Best Buy , Target ...
Hutchinson Technology Drives Into The GroundBARRONS.com: Tech Trader Daily 11/18/2008
Even in an environment as nasty as the one we’re in right now, rarely do you see a stock suffer the kind of sustained carnage now being inflicted on shares of Hutchinson Technology (HTCH) . Best know as a producer of suspension arm ...
Business this weekThe Economist: Full print edition 11/20/2008
Citigroup, which has recorded a loss in each of the past four quarters, said that it would cut 52,000 jobs, on top of the 23,000 already announced since the beginning of the year. The latest reduction will leave Citi with around 300,000 employees. ...